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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (77925)11/29/2007 12:26:31 PM
From: Paul Kern  Read Replies (1) | Respond to of 94695
 
No, that was the ECB, with 178 billion Euro repo. And you were
wondering why the dollar is up -g- The Fed is helping some too,
but this is mostly ECB effort.


When are the Japanese gonna jump in the trash the yen back to 115/dollar and save their exports?



To: Real Man who wrote (77925)11/29/2007 12:36:30 PM
From: Paul Kern  Respond to of 94695
 
Remember:

1) Treasury can print.

2) Treasury has its own discretionary repo pool.

I think, and this only a guess, that they put out a certain amount of cash to the big banks and IBs and if it doesn't work, the go home and try again another day.